NatWest to hike rates

Ryan Bembridge

October 23, 2017

NatWest will increase a number of residential and buy-to-let fixed rates from tomorrow.

The lender’s first-time buyer and shared equity 2 and 5-year fixes will both see increases of 0.20%.

Its 2 and 5-year fixed purchase deals will be increased by between 0.16% and 0.20%, while 2 and 5-year fixed remortgages will be raised by 0.15% and 0.05% respectively.

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NatWest is also hiking 2 and 5-year fixed rate buy-to-let mortgages by 0.10% both for purchase and remortgage.

Mark Bullard, head of sales, said: “We have repositioned our portfolio to reflect the current market environment that’s anticipating an increase in base rate.

“We continue to offer a very broad range of attractive deals for brokers and their customers and an appetite for buy-to-let business as demonstrated by the changes we made recently to our proposition and the further enhancements we have planned.”

 

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